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Search Results 0 to 49 of about 110 (some duplicates have been removed)
.s. economy from going over the so-called fiscal cliff. in the last 24 hours, newly relie detectorred president barak obama and house speaker john boehner have both vowed that they will not let this happen. but is that even possible given today's decisive political climate? before we get into the discussion, let's first listen to what both men had to say. >> this is an opportunity for the president to lead. this is his moment. >> i'm committed to solving our fiscal challenges, but i refuse to accept any approach that isn't balanced. >> arthel: let's talk about it now. matt is the former white house political director under president george w. bush. alexis is the executive director for the american values institute. good to see both of you. >> great to be here. >> arthel: very good. so let's say that each of you is going to broker this deal. tell me the concessions you would make and what would be the deal breakers. i'm going to go with you first, matt. >> okay. so i'm in the seat of power. i guess if i'm a republican, i want to make sure that if i'm going to negotiate a deal that i've
scheduled to hit the economy for this current fiscal year taking us all the way to september of next year. as for what the president's position will be, we're still waiting for word from the president. other democrats have been discussing where they are on this, the president won reelection, they expanded their majority in the senate, and therefore voters have token, they want tax increases on wealthier americans to pay for other priorities and reduce the deficit. hearing from some republicans as well, john boehner scheduled to speak a short while from now. he says he's open to discussing. you're seeing these decisions, is not unlike what we saw before the election. talking an overall rewrite of the tax system, democrats looking for tax rate increases on families earning more than $250,000 per year. back to you. connell: fox news contributor and author of our favorite titled book. i guess we can modify it to say with what happened later today. do you think he goes to the middle or dig into the left? >> there were so many bizarre things that happened over the tuesday night election results
expects any quick fix for the economy. >> it's big, and it's going to take some time, and a lot of work. and it would be nice to get at it. . >> reporter: but they are more than ready to start building up again, just as soon as the other washington settles down, and gets back to work. tom foreman, cnn, washington, virginia. >> it's a beautiful town. i'm carol costello. thank you so much for joining me today. cnn "newsroom" continues right now with ashleigh banfield. >> thank you, carol. so nice to see you. and nice to see you, everyone. i'm ashleigh banfield. it's 11:00 on the east coast, 8:00 a.m. on the west coast. and leave it to congress to engineer what they call a solution that sets up an even bigger crisis. the so-called fiscal cliff that's now only 52 days away was supposed to be just a threat. an incentive for lawmakers to get their gear on and make some tough choices a year ago. well, now those choices are going to fall to a newly re-elected president, and a lame duck congress. and the prospects? well, the president plans to talk about those prospects in his first public post
will coincide to basically push the u.s. economy into a recession unless congress does something about it. >> so remember that game on "the price is right" when the contestant had to avoid the guy going over the cliff, cue up the music, folks. going over the fiscal cliff means the end of the bush tax cuts. that would save $221 billion. but would raise most people's taxes by about 3500 bucks. reduces costs by $65 billion. general spending, including items on education and veterans benefits. a third cost redix, the payroll tax holiday expires. $95 billion saved there. and finally, emergency of employment benefits and health care and tax cuts, benefits saves the largest chunk there. that's $225 billion. if all of these cuts happen, the deficit improves by $607 billion. it would go down almost 40% but come at a hefty price. the economy would go over the fiscal cliff, sending the economy back into a recession. budget office projecting the unemployment rate could jump to 9.1% by the end of the year and that economic growth as well could shrink by half of a percent. i want to bring in bill schneider, c
-- i'm not saying the campaign should have been run on them. the economy was obviously the major issue. but you can't take a crouching position if you're a member of a party that believes that all of our children should be welcomed into the world, for example, and protected by the law. >> governor, do you agree with that? >> well, i'd have to say that the republican party needs to decide whether it wants to win or lose going forward. >> and what do you think that would allow you to do? >> well, when we're talking about the party, we're losing. when we're talking about america, we win. so in embrace of all people, in articulation of a vision, people don't want to be moralized to, they don't want to be lectured to, they want to live their lives. they want an economy that works, jobs, opportunities, schools that educate the next generation. and they want to be left alone. and the sooner that we as a party can get around that and start preparing for the 21st century, which is really the discussion that we need to have, how you prepare for the most competitive years ahead in a high liu comp
that's ever been reelected, and if his job really is to lower unemployment and raise the economy, if that's really what he wants, i don't think it is. i think he's a doctrine, big government, socialistic guy. but if he wants to help the economy, it's to cut government spending. balancing the budget doesn't matter if the budget is real high. >> he's taken -- he proposes to take money out of the private sector. $1.6 trillion, which kind of came out yesterday or the day before, blew everybody's mind. but how do you see this? stock market falling after the reelection. i know there are many factors in the stock market. but my question is this, t.j. from your vantage point out there and from your vantage point philosophically, what do you think the president wants to do? what do you think people reelected him to do? >> well, i'm not sure they reelected him to do anything. there's been a lot of blather about the obama mandate. the fact is it was an obama squeaker and if the republicans had put up a better candidate as ronald reagan got put up against jimmy carter, president obama would
empty fields. everydyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. to start her own interior design business. she's got a growing list of clients she keeps in touch with using e-mail marketing from constantcontact.com. constantcontact is easy and affordable. it lets her send out updates and photos that showcase her expertise and inspire her customers for only $15 a month. [ dog barking ] her dream -- to be the area's hottest interior design office. [ children laughing ] right now, she just dreams of an office. get a free trial at constantcontact.com. neil: i was thinking if only former colorado governor had this wind at his back, californiaians voting to approve hiking taxes on themselveses, one on the wealthy, and another on all of us, what they approved there. governor, had you had this, you would have finished your term. >> i probably would have, neil, but, you know, i don't think
to tackle the fiscal cliff, an economic mandate that could throw the economy into a tail spin unless democrats and republicans stop it all. house speaker john boehner wants a deal on spending cuts. president obama says that is not enough. >> if we're serious about reducing the deficit we have to combine cuts with revenue. >> joining us is jonathan strong. even if tax rates went up on the wealthiest households earning more than $250,000 a year the president, as the president demands, this would actually do almost nothing to reduce the deficit. i look at the joint tax committee report of conscious saying it would reduce the deficit only by 7%. that is 7% out of $1.1 trillion. in many ways is the president's solution more of an illusion? >> he is trying to sell this as a matter of fairness. he seems to be making progress politically on that front. you have a good point. another good question, there isn't any theory this would help the economy. the estimates are it would hurt this the economy. is now the right time for that? people are still hurting out there. >> gregg: the president is
believe this will hurt the economy. by the way, you heard speaker boehner make that same statement earlier. melissa: what was your impression, i mean, i'm talking with him one-on-one? >> one of the things i get annoyed at is the idea that somehow the spending cuts, the automatic spending cuts will hurt the economy. i do not believe that. melissa: why? why do you not believe that? >> i do not think so. wall street has tumbled so much in the last week and that does not have anything to do with the spending cuts. we knew they were coming from the last year. melissa: it has to do with raising taxes. if you cut spending all of a sudden, how would that not hurt the economy? >> i went to the last five or six times in the last 100 years but we actually cut spending, it does not happen very often, as you know, melissa, and washington. if you cut spending, you make more money available to the private sector. by the way, the attitude that cutting private spending will hurt the economy, increasing government spending would reduce unemployment. that did not work out so well. i think those are two entir
the action was inevitable there has been no news on the economy or the possibility of a deal to avoid the fiscal cliff. the cliff could cause the u.s. economy $800 billion and 3 million jobs. sends the u.s. back into recession. >> many people are worried about what this means for the country including the wealthy. >> the rich are selling essentially. we are seeing portfolio rebalancing for the wealthy willing to cut their tax bill in 2013. that's when capital gains taxes may go from 15 percent to 25 percent and dividend taxes may just the stock market being affected by the wealthy folks lacking to cut their tax liability. next year the estate fabtax is to rise 15 percent on estates worth more than $1 million. owners of big homes looking to sell sooner rather than later. a lot of people looking to get out. >> owners of cars affected by hurricane sandy or storm sandy when it hit the northeast. many people lost their cars. oo about 250,000. used car prices are going up as much as 1,000 dollars. drivers are looking to replace the used car or their car in general and they went to dealershi
. they estimate that would cause the economy to take a significant hit, raising unemployment to 9.1% by the end of next year. but the real political sticking point is taxes. the president called on congress to make tax cuts for people making less than $200,000, and drew a line in the sand. >> i refuse to accept any approach that is not balanced. and on tuesday night, we found out the majority of americans agree with my approach. >> reporter: the president was referring to the tuesday exit poll which indicated nearly 60% of voters would support higher taxes on the wealthy. and while john boehner hinted at some taxes going up, he also listed some conditions. >> and it is not like there is money in social security or medicare, this has to be dealt with, so everything, everything on the revenue side and on the spending side has to be looked at. >> reporter: now brian, the white house says that social security shouldn't be a part of these negotiations. but i can tell you, republicans won't participate if social security is not. >> all right, chuck todd in the white house, thank you. >>> there is a v
line saying everything is up for negotiation. >> clearly, the deficit is a drag on our economy. and we can't continue to spend money we don't have. i don't want to box myself in or anybody else in. i think it's important for us to come to an agreement for the president, but this is his opportunity to lead. >> the senate has already passed legislation that would raise taxes on those making more than $250,000 while preserving the bush tax cuts for the middle class. the latest now on tuesday's election. the president's margin of victory has now increased. he now has a 51% edge over romney in the national popular vote. that is up from a tie that we saw on election night. but down in florida, they are still counting the ballots. officials have until noon today to submit unofficial results to the secretary of state. cnn has yet to project a winner there, but with 97% of precincts reporting, president obama has a lead over romney. the romney campaign has conceded the race in florida. and for the first time since superstorm sandy hit new york, the lights on the statute of liberty were on. it i
destroy the economy but as long as there is obama care. gay marriage and abortion on demand they are going to support the guy no matter what. >> bill: they seem like nice people though. there wasn't -- did you get people giving a hard time? >> no, you actually had people come up and whispered in my ear, hey, by the way, i'm a big fan. like they don't want anybody to know. >> i like the fact that they weren't sirly. it didn't seem like they didn't like you. >> they just won the election. >> bill: goodwill? >> yeah j if they had lost -- now, how extreme was the crowd going to that show? >> well, inside the show, you would have people applauding about jokes about the palin children. that's how extreme it was. you would have people making jokes about white power and mormonism and really vicious, vial hateful things. >> are you comedic license but i think you cross the library and the crowd eight -- ate it up. the crowd is not that intelligence. the guy was talking about how great fema was. everyone is clapping about fema everybody in new york has no power. no food, no water. it's crazy. >> bil
-election, and we know how difficult it was given the fragile economy that we have here in america, but i believe he wants to accomplish two things. one, he wants to generate revenue, ad goo portion of which goes to pay down the debt, and he wants to grow the economy putting america back to work. you know, in california, the governor had 12.5% unemployment. taking office, down to 10.2%, a few more stop looking, so it's 11%, one out of eight california nans not works. you don't have people believing in the american dream if they don't have something to do. i think what the president wants to do is create growth, generate revenues for the people -- neil: i know what he wants to do. sorry, i was not clear. i know what he wants to do, but wondering whether what he proposed today was something that could be flexible? in other words, yes, he wants to raises taxes on the rich. that's going to happen, but maybe the olive branch he's offering back to th branch that boehner offered him is that it needn't be an immediate return to the top rate, but a combination of closing credits, allowances, breaks, that sor
-term economy, about the equivalent of four hurricane countrys hitting the united states each and every year over the next ten years. it would knock 7 percentage points off of the economy over the next ten years, equivalent of $1 trillion gdp, could not as many as eight million or nine million people love of the employment rolls. serious stuff. lori: thanks for talking to us. always appreciated. etna's ceo is one of those executives meeting with president obama tomorrow but today he is sounding off on what the fiscal cliff means tt business. melissa: make money despite the market's penetrating sideways. charles payne joins us next. let's look at the trade on metals as we head to break. not too nervous by hiding out in the backyard or stuffing it in the mattress or what have you down $3 or $4 and that would be uncomfortable. 4g lte is the fastest. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a differenc? look at verizon. it's s
industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses experience thehas your ticket pressure-relieving comfort of tempur-pedic, and sleep risk-free with sleep train's 100-day money back guarantee. get 36 months interest-free financing: no down, and no interest for 3 years. plus, get free same-day delivery. sleep train's 100-day money back guarantee, interest-free financing, and free delivery? that's the ticket! sleep train's ticket to tempur-pedic ends soon. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >> bill: stossel matter segment tonight. a couple weeks ago john stossel was analyzing the fallout from hurricane sandy whereby gas stations jacked up their prices big time. >> price gouging. you probably th
understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> bill: stossel matter segment tonight. a couple weeks ago john stossel was analyzing the fallout from hurricane sandy whereby gas stations jacked up their prices big time. >> price gouging. you probably think it's a terrible thing, right? well, i say what you call gouging is good. >> it season saves lives. hooray for price gouging. i would just call it flexible prices. >> and now stossel being backed up by our old pal com ron paul thinks gouge something good for the premarketplace even in a situation. you are well aware that new jersey has a law against profiteering from disasters, you are well aware of that. and now, obviously, there a bunch of prosecutions in that state because gas stations rise their price a buck a gallon. you say? >> i say people suffer because o
is what's happened to our economy. we lost 5 million jobs in four years and we've seen the number of people on food stamps and disability about up by 22 million. that's unsustainable. >> this is is this the worst position we've been in as a nation? >> no. there's the call for optimism. 1980, our economy was worse. the difference between now and 91980 is we turned out an incumbent president and elected possibility some people voted twice. while the st. lucie canvassing board was to recount all 37,000 early votes at 7:00. they announced the recount will only involve the last three days. west trails the democratic changer patrick murphy. murphy claimed victory by 2,442 votes. just over the amount needed for automatic recount. more on this and the whole election next week from illegal voting in ohio to voter fraud which cost a congressional seat in texas. our address is voterfraud@foxnews.com. >> newdevelopmentsfollowingfrom t hewreckageofsuperstormsandy. it'snotgettingeasyer. >> janet napolitano will head to new york city and get a look at the recovery efforts out there, particularly
to the national debt which is on path to hit more next month. it will push the u.s. economy back into recession. >> speaking of the fiscal cliff you have broken it down according to the state. >> this is interesting. the fiscal cliff will assess all of us. but some more than others and geography has a lot to do with it. the tax foundation has estimated the potential impact of a median family of two kids takes into account three tax hikes. the first one would be the expiration of all of the busheir raw obama tax cuts expiration of the two percent payroll taxes and not passing the amt. the states who's taxes drive residents as much as 7,000 dollars in some cases. new jersey, maryland, connecticut and massachusetts as you can see there and a bill of 3,000 dollars washington, hawaii, colorado, kansas. >> the northeast getting hit very hard. >> is this why many people are trying to make adjustments when it comes to the travel for the holidays. >> travel spending is down. we should think about the traffic. that's not down. before the tushg key the indigestion. 30 million of us plan to drive to our th
they could cripple the economy and trigger another recession. just a few hours from now, president obama underscores the urgency at the white house. his remarks could set the tone for upcoming negotiations with republican lawmakers. christine romans shows us how your money is in play. is your paycheck about to shrink? brianna keilar, three days after a bitter election, is either party really ready to budge? christine, nearly every american has money riding on this outcome, right? >> absolutely. the overall american economy does, too. let's talk about what the fiscal cliff is. starting in the beginning of the year because of a deal the congress did last year to raise the debt ceilings, all these things will go into play at the same time, big spending cuts, bush tax cuts expire, minimum tax cut goes away, payroll tax holiday goes away, unemployment benefits extension. whole bunch of things. middle income households making, say, $50,000 a year would see their tax bill rise $2,000. $2,000 for the year. immediately your paycheck, you would notice a change there o r overall, certainly in what
do. tomato so♪p from campbell's. (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. soothes you to sleep with ingredients like melatonin. it's safe with no side effects, so you wake up... ready to go. [ male announcer ] unisom natural nights. >>> mitt romney's loss on tuesday stunned the republican party, especially its white, conservative base. now, critical swing states, ohio, virginia, possibly florida were expected to put romney over the top. well, they didn't. my guest this morning calls romney's defeat the gopocalypse. good to have you with us. >> thank you. >> you describe tuesday night's loss as gop-ocalypse and you watched this from qatar. >> it was amazing how invested the rest of the world really is and how our election really works. everyone was informed. when the final results came through and i'm standing in a room with qataris and standing in a room with people new zealands and kind of like a slow clap. thank god. there was a level of relief almost. it wasn't so much enthusiasm about obama, as much a
. >> clearly the deficit is a drag on our economy. and we can't continue to spend money that we don't have. i don't want to box myself in. i don't want to box anybody else in. i think it's important for us to come to an agreement with the president. this is his opportunity to lead. >> any word from the speaker, every word from the president being analyzed for hidden meanings. here's a quick snapshot. >> when he is not willing to negotiate on is raising taxes on the wealthiest americans. and that is where the battle lines will be drawn. >> the president's language is important. his words, i'm not wedded to every detail. i'm open to compromise. open to new ideas. but we are not going to do something that doesn't deal with the tax cuts. >> i think the tone of this is pretty good especially from the speaker this morning when he said, you know, i'm not going to box myself in. and i don't want to box the president in. >> let's get straight to our own kate bolduan, she's here with an excellent, excellent panel. >> excellent, excellent. i like the double excellent panel of unsolicited advice today. m
on the economy comes to an agreement or slip right back into recession by next year? will congress finally come to a compromise to avoid the fiscal cliff? plus, this baby elephant caught in a sticky situation. up to its neck for over 12 hours. the incredible rescue straight ahead. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >> 6:24 eastern time. quick headlines now. over 90,000 people have signed a petition to nominate this pack diswran girl for the nobel peace prize. the 15-year-old was shot in the head by the taliban after speaking out for women's rights to go to school. she is currently recovering at a uk hospital. and chrysler recalling over 900,000 jeep vehicles because of faulty air bags. a recall includes grand cherokees from 2002 to 2004. and jeep liberties from 2002 to 2003. a malfunction can cause the air bag to
. >> a stronger economy means more revenue, which is exactly what president is seeking. >> they should start by making sure that taxes don't go up on the 98% of americans making under $250,000 a year starting january 1st. this is something we all agree on. >> reporter: both remain head strong on their views on tax reform. >> we have to combine spending cuts with revenue and that means asking the wealthiest americans to pay more taxes. >> 2013 should be the year to begin our debt through tax reform and entitlement reform. >> reporter: if no agreement is reached, middle class americans could see a $2000 increase on taxes and the unemployment rate could jump back over 9%, spiraling the economy to another recession taxes related to obama's health care plan will be corrected. according to baron, over 1000 government programs will experience, quote, deep automatic cuts. with the fiscal deadline rapidly approaching, many economists ask, can the feat be accomplished in the time frames? >> what both parties need to do is stop the part son politics and go together and not leave the negotiating table u
's statement will address the action needed to keep our economy growing and reduce our deficit. he will not suggest a plan. he will say lawmakers, you guys come up with something. >> brian: he goes weneed to raise taxes because the nation needs a thriving middle class. >> steve: he's said that all along. >> but john boehner said some analyst thought change slightly. he said the tax hikings are unacceptable . however, he said that he may be open to tax revenue come is a different way of saying bringing in more taxes and listen to his latest interview on abc. >> raising taxes on small business people is the wrong prescription given for our economy. >> is it on the table to talk about. >> i made clear that raising tax rates are unacceptable and frankly couldn't pass the house. putting revenues on the table and reforming our tax code and i would do that if the president were serious about solving our spending problem and trying to secure our entitlement program. >> brian: going to sit down and talk. but he's saying short term for now and wait for the new congress to get settled in and
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when the economy is so poor? >> it is a tough situation. we have a deficit problem that can create other problems down the road. we have to prepare for the future. the only way to do that is to have tax increases and understand we are in a tough time. so we have tax cuts for those who are making less money we will figure it out. the wealthiest americans have not paid their fair share since the busheir raw. i think we have to not look at that. >> we will see what happens. thank you so much brian and brian for being with us. it is 26 after the top of the hour. new york city mayor michael bloomberg is at it again raising lunch prices on students. wait until you hear the reason why. talk about road rage. two nascar drivers turn a pit stop into a brawl. look at that. first on this day in history back in 2003 doby keith had his third straight number one country album. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from cam
Search Results 0 to 49 of about 110 (some duplicates have been removed)